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Modeling Scenario
255
views
222
downloads
0
comments
1-054-GrowthInFarmland-ModelingScenario
An enriching project developing a model from data with missing temporal information is described. Students fit functions to the data that leads to the creation of a differential equations model, which they then are required to analyze in multiple...
fitting
farm
farmland
Modeling Scenario
398
views
176
downloads
0
comments
7-008-MachineReplacement-ModelingScenario
Students build an integro-differential equation model using a convolution for machine replacement strategies for two different machine failure models.
Probability
replacement number
Laplace transform
industrial engineering
machine
convolution
distributioj
step function
derivative definition
Modeling Scenario
300
views
133
downloads
0
comments
1-118-SolowEconomicGrowth-ModelingScenario
Students construct and analyze the celebrated Solow-Swan model of economic growth theory. The project is divided into three sequential parts to teach students to understand, develop, and analyze a simple nonlinear model of economic dynamics.
optimization
economics
steady state
growth
Solow-Swan model
capital
production
labor
Golden Rule of Economic Growth
Potential Scenario
154
views
62
downloads
0
comments
2007-Mogen_Steffensen-Differential Equations in Finance and Life Insurance
The mathematics of finance and the mathematics of life insurance were always intersecting. Life insurance contracts specify an exchange of streams of payments between the insurance company and the contract holder.
finance
disability
life insurance
mortality
insurane
Thiele’s equation
Black-Scholes equation
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